Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Central Electronics, Inc. central Electronics, Inc. (CEl) has their headquarters in Central New York with production facilities in China, Germany and South Korea. They employ

image text in transcribed
image text in transcribed
Central Electronics, Inc. central Electronics, Inc. (CEl) has their headquarters in Central New York with production facilities in China, Germany and South Korea. They employ about 500 workers on a fultime and / or part-time basis, with another 100-150 "independent' contract employces. The independent contact employees are hired to work on specific, short range situations lasting 69 months at the most. Approximately 75 are at the compary headquarters in New York. In 2016, the company brought in (gross sales) two billion dollars. Organized as a corporation in New York, they have several other 1LLC operations across the world. Their main manufacturing plant is in China. Their software development facility is an LLC in South Korea. They manufacture hardware components in Germany. This firm, like others, totally depends on secure, fast internet services across the world. In 2017, so far, they have encountered at least 2,000 major attempts to hack into their computer system. CEl is currently involved in the development of a variety of hardware and software electronics ranging from the old "printed circuit boards" to products associated with artificial intelligence. In 2016, the company began an expansion into software development for industrial robots and in 2017 have been actively doing research into driverless vehicles, including both cars and trucks. The CEO of the firm, a graduate of the MBA program at Utica College, is looking to invest "heavily" in this technology. She is looking for active partnerships with firms such as Google and others. She feels that CEl needs to grow at a pace of at least 10% per year to maintain their share of the marketplace. In America, the firm offers a wide variety of benefits to its employees, including an excellent starting salary. They offer a 401(k) plan with a 5% match as well as free health insurance to the employees. Family health insurance is available for an additional $200.00 per month. Both plans contain a $1,000 individual and a $2,500 family deductible. Across the world, the benefits differ from country to country, but, generally they are well above the average going rates Lately, the CEO has noticed that several of her best, young engineers have left the firm for employment at much larger firms. She does not know why. In addition, there is a "constant" rumor that a number of the software developers might quit the firm and open their own company or sell out to a larger electronics company. She has directed the CEI lawyers to check on patent rights and other protections for the applicability in other countries, especialy in China and South Korea. Legal fees are costing the company nearly six million a year. As a result of all of this, cyber security has been greatly increased at all locations. Employee computers are constantly being examined for any hint of theft or possible sabotage The company executives are now paranoid about internal espionage. Recently, they directed that the company files can only be ope facility or with security present. Passwords are changed daily, on an computer system. Most of these internal espionage rumo th Korea. Employ ned while in a company automatic electronic basis. Some mornings, it takes over 30 minutes to log in to the ors seem to come from China and Sou are becoming frustrated that they cannot do their jobs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions